February 20, 2018 / 9:40 AM / 4 months ago

Ambuja Cements fourth-quarter profit jumps as sales volume rises

(Reuters) - Ambuja Cements Ltd reported an 89 percent jump in quarterly profit on Tuesday, helped by higher cement sales volume.

Labourers transport cement bags onto an improvised motorised rickshaw at the construction site of a residential complex on the outskirts of Kolkata, India January 23, 2016. REUTERS/Rupak De Chowdhuri/File Photo

Standalone profit rose to 3.38 billion rupees ($52.2 million) in the fourth quarter ended Dec. 31, from 1.79 billion rupees a year earlier. bit.ly/2BBr0QZ

Standalone cement sales volume rose to 5.87 million tonnes in the quarter, from 5 million tonnes in the same period last year.

Net quarterly sales rose 19 percent to 26.12 billion rupees.

Analysts on average had expected the company, part of Switzerland-based LafargeHolcim Ltd, to post a standalone profit of 2.47 billion rupees, according to Thomson Reuters data.

($1 = 64.8150 Indian rupees)

Reporting by Vishal Sridhar in Bengaluru; Editing by Amrutha Gayathri

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